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Maurinko [17]
3 years ago
6

Wendy deposited $2,250 into a savings

Mathematics
1 answer:
guapka [62]3 years ago
6 0

Answer:

$2410.26

Step-by-step explanation:

principal, p=$2250

rate, r=3.5%

interest, i at the beginning of 1st year = p*r=2250*3.5/100

i=$78.75

amount at the end of 1st year = 2250+78.75=$2328.75

interest at the beginning of 2nd year = 2328.75*3.5/100

i=$81.50625

amount at the end of 2nd year=2328.75+81.50625

=$2410.26

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